Bitcoin Maintains Market Leadership as Ethereum Faces Rising Liquidations

• Bitcoin held a 62.9% market share at $85,645, showing stability amid market volatility.
• Ethereum led liquidations with $51.71M, reflecting increased short-term market pressure.
• Altcoins like IP and DEXE posted strong rebounds despite ongoing market uncertainty.

The crypto market showed a mixed situation on April 15, 2025, as Bitcoin (BTC) held firmly to its dominant position, while Ethereum (ETH) experienced a liquidation volume. Data compiled by Phoenix Group outlined the latest developments across digital assets, displaying investor caution, shifting market dynamics, and a weak performance among leading and alternative cryptocurrencies.

Bitcoin remained the leading digital asset, trading at $85,645 and holding a 62.9% share of the total crypto market capitalization. Despite heightened market volatility, BTC’s price stability and market share solidified its role as the preferred asset for investors seeking relative safety within the sector.

Daily trading volume reached $77.77 billion, confirming strong market participation even as broader sentiment remained cautious. The decentralized finance (DeFi) sector contributed to market activity, with its total value locked (TVL) standing at $123.39 billion.

Ethereum as the second-most popular cryptocurrency by market cap had its price set at $1,644. Its market share though was at a lower figure of 7.3%. Transactions on the Ethereum block chain were as little as 1 Gwei, which indicates that there was low activity on the platform and that transaction cost were low.

Investor Sentiment Reflects Fear and Caution

Market sentiment remained subdued as measured by the Fear and Greed Index, which stood at 30, signaling a “Fear” reading. This sentiment was mirrored in trading activity, where positions remained nearly balanced between buyers and sellers.

This reflects that the long call market trading positions stood at 50.40% while the short ones were only at 49.60. Similar to the overall figures, Binance’s data on long and short was not far from each other, longs being 50.86% while shorts were 49.06%. These figures suggest that traders are working very carefully due to the still prevailing uncertainty, with traders adopting defensive strategies when offering their figures.

Ethereum Leads in Liquidation Volume

Ethereum registered the highest liquidation volume among major assets over the past 24 hours, totaling $51.71 million. This figure crossed Bitcoin’s liquidation volume of $ 25.19 million. Hence, the increased liquidation rates related to Ethereum were short-lived while disrupting the long-term position of the Ethereum market.

Other cryptocurrencies also experienced major liquidation figures. OM saw liquidations amounting to $18.34 million, while Solana (SOL) recorded liquidations worth $9.44 million. Among the listed assets, AERGO recorded the smallest liquidation volume at $3.91 million.

Some of the altcoins, however, recorded slight rebounds against the dollar across the board despite the general trend of the broader market. They include IP, which led to a rebound of 37.67% within 24 hours after touching a low of 0.55%. DEXE and PDEX had a 30.01% increase in the BSV, pointing to investors’ interest, despite the sliding trend.

OM recovered 25.17% after suffering a 20.08% drop, while KAS experienced a smaller dip of 2.09%, followed by a 6.12% bounce. These movements suggested that specific assets demonstrated resilience despite the broader market’s cautious outlook.

Volatility Persists as Market Awaits Further Signals

The total market cap fluctuated during the week, while the Bitcoin dominance remained high based on investors’ concerns. However, the slight ‘selective’ rebound in some altcoins meant that the market was rather inexhaustibly fragmented during the period Ethereum was under liquidation pressures.

Since turnover remained high and there was no excess of long or short positions, trading participants were facing an era of volatility and were trying to manage risks effectively. The inclination and the selected asset reaction showed that many factors influenced the cryptocurrency market on April 15, 2025.